SHAH ALAM, Jan 25 — Perbadanan Kemajuan Negeri Selangor (PKNS) today signed a memorandum of understanding (MOU) with Raudhah City Sdn Bhd to develop a township, with a gross development value of RM12.3 billion, in Taman Sains Selangor 2, Cyberjaya.

PKNS general manager, Azlan Md Alifiah, said the 215.8-hectare mixed development project, would be based on ‘Islamic City’ concept.

“The corporation is honoured to team up with developer, Raudhah City, to undertake the the urban ‘Islamic City’ development project, which is the first in the world,” Azlan said after the ceremony to sign the MOU here today.